In 2023, the turnover for glass and glass products in Germany stood at 12.9 billion Euros. Over the past two years, we observed a consistent increase in sales with a year-on-year variation of 1.18% in 2022 and 1.15% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years, from 2019 to 2023, was modest at 0.34%. Future forecasts predict steady growth, with the turnover expected to reach 13.59 billion Euros by 2028, showcasing a forecasted 5-year CAGR of 0.84% and a forecasted 5-year growth rate of 4.25%.
Future trends to watch for in the glass industry include technological advancements in production, increased use of recycled materials, and a growing demand for high-performance glass products due to the rise in sustainable building practices and smart technologies.
